Gevo (NASDAQ:GEVO) Stock Price Up 2.5% - Here's What Happened

Gevo, Inc. (NASDAQ:GEVO - Get Free Report)'s share price traded up 2.5% during trading on Friday . The company traded as high as $1.84 and last traded at $1.82. 614,148 shares were traded during mid-day trading, a decline of 93% from the average session volume of 8,312,065 shares. The stock had previously closed at $1.77.

Wall Street Analyst Weigh In

A number of analysts have weighed in on GEVO shares. UBS Group increased their target price on shares of Gevo from $0.85 to $3.25 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Wednesday, November 13th.

Gevo Trading Down 0.6 %

The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm's 50-day simple moving average is $1.85 and its 200 day simple moving average is $1.54. The stock has a market capitalization of $418.96 million, a P/E ratio of -5.15 and a beta of 2.77.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The energy company reported ($0.09) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $1.97 million for the quarter, compared to the consensus estimate of $6.08 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. During the same period in the previous year, the firm posted ($0.07) earnings per share. Equities research analysts anticipate that Gevo, Inc. will post -0.32 EPS for the current fiscal year.

Insider Activity

In other Gevo news, insider Andrew Shafer sold 26,911 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the transaction, the insider now directly owns 332,430 shares in the company, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Gevo

Several institutional investors have recently modified their holdings of the business. Signal Advisors Wealth LLC bought a new stake in shares of Gevo during the 4th quarter valued at $34,000. Lauterbach Financial Advisors LLC acquired a new stake in shares of Gevo during the third quarter worth $29,000. International Assets Investment Management LLC bought a new stake in Gevo in the fourth quarter valued at about $59,000. Ballentine Partners LLC acquired a new position in Gevo in the fourth quarter valued at about $54,000. Finally, VisionPoint Advisory Group LLC increased its stake in shares of Gevo by 200.9% in the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock valued at $65,000 after acquiring an additional 18,734 shares during the last quarter. Institutional investors and hedge funds own 35.17% of the company's stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.